Constellation Software Inc. (TSE:CSU) Receives C$4,693.67 Average Target Price from Analysts

Constellation Software Inc. (TSE:CSU) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$4,693.67.

A number of equities analysts recently weighed in on the stock. Raymond James boosted their price target on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a research report on Monday, March 10th. Jefferies Financial Group upped their target price on shares of Constellation Software from C$5,350.00 to C$5,850.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Royal Bank of Canada set a C$5.70 price target on shares of Constellation Software and gave the stock an “outperform” rating in a research report on Friday, March 21st. BMO Capital Markets increased their price target on Constellation Software from C$5,500.00 to C$5,700.00 in a research report on Thursday, May 22nd. Finally, CIBC raised their target price on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a report on Monday, March 10th.

Constellation Software Stock Up 0.3%

Shares of TSE CSU opened at C$4,842.24 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83. Constellation Software has a 52-week low of C$3,720.00 and a 52-week high of C$5,300.00. The firm has a market cap of C$73.18 billion, a price-to-earnings ratio of 115.06, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The company’s 50-day simple moving average is C$4,876.51 and its 200-day simple moving average is C$4,726.79.

Constellation Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, July 11th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, June 20th. This represents a $4.00 annualized dividend and a yield of 0.08%. Constellation Software’s dividend payout ratio is currently 13.02%.

About Constellation Software

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.